Cases & Deals

Bloomberg BNA reaches new three-year agreement with the News Guild

Clients Bloomberg L.P.

Jones Day served as Bloomberg BNA's lead negotiator in collective bargaining negotiations with the News Guild, which represents editorial employees. The new agreement preserves Bloomberg BNA's management rights and operational flexibility. It also transitions the unit from guaranteed pay increases to pay-for-performance and freezes the company's defined benefit pension plan, shifting employees to a 401k plan.